I find that story somewhat odd as once the ship leaves territorial waters it would become part of the fungible global supply of LNG? If a cargo is destination limited wouldn't that reduce the chance of it getting the best price?

Not really. 1. One intended destination, Japan, has really attractive rates and was a big factor in whyLNG supply became very tight in 2011 (post Fukushima)2. There is some seasonality to LNG demand, but there isn't really much of an LNG spot market currently (see #1).

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